What does sum assured mean?
What happens to your mortgage if you die without life insurance? If you pass away without life insurance, the mortgage still needs to be ...
Can you change life insurance companies?
Why would you want to change life insurance? Many people will want to save some money on their monthly premiums by moving to a ...
What is a guaranteed insurability option?
When can you use a GIO? Some reasons you might want to increase your protection using GIO include: If you decide to use the ...
How does critical illness insurance work?
DID YOU KNOW? When the first critical illness product was launched in 1983 it was called “dread disease insurance”. No wonder they changed the ...
How does decreasing life insurance work?
How does the cover reduce over time? There are two answers to this question: Who is decreasing life insurance suitable for? Decreasing life insurance ...
How does family income benefit work?
How does it work? You first need to decide how much monthly income you need to insure for (the monthly benefit), as this is ...
What is terminal illness insurance?
What it covers It’s important to understand the specifics of how a policy could pay out. Here’s a breakdown: When It Pays Out The ...
How does mortgage life insurance work?
What happens to your mortgage if you die without life insurance? If you pass away without life insurance, the mortgage still needs to be ...
What happens to your mortgage if you die without life insurance?
How does life insurance help? The best way to protect a mortgage in the event of death is by having mortgage life insurance in ...
Can you add life insurance to your mortgage?
Is it possible? The straightforward answer to the question “Can you add life insurance to your mortgage?” is yes. But we should point out ...
Are all mortgages covered by life insurance?
Owning a home is a significant milestone in one’s life, but it also comes with a host of responsibilities and financial commitments. One of ...
What happens to life insurance when the mortgage is paid off?
You’ve diligently paid off your mortgage, a significant financial milestone that brings a big sigh of relief. But what about that life insurance policy ...
What happens to a mortgage when someone dies?
What if you have a joint mortgage? To deal with a joint mortgage after the death of your partner, it’s important to inform your ...
What is a further advance mortgage?
Benefits of a mortgage further advance You may benefit from a further advance on your mortgage due to lower interest rates compared to other ...
What is a Higher Lending Charge?
Researching mortgage options and fees can be a confusing task, especially for first-time homebuyers. One term that often pops up but is rarely understood ...
